Browsing: Economy

The Bank of England made its 13th consecutive interest rate hike on Thursday, moving for a 50 basis-point rate hike that will bring its key bank…

By Uditha Jayasinghe COLOMBO (Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next…

MADRID (Reuters) – The European Central Bank is likely to raise interest rates again next month but it is too early to predict the decision of…

Norway’s central bank on Thursday lifted interest rates by 50 basis points and said a further hike may be needed in the near term. On a…

By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between…

FRANKFURT (Reuters) -The European Central Bank should err on the side of further interest rate hikes as inflation could come in even higher than it expects,…

By Julia Payne BRUSSELS (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains…

Gold prices edged lower on Wednesday as traders weighed Federal Reserve Chairman Jerome Powell’s latest remarks after the central bank held its policy interest rate steady…

OTTAWA (Reuters) – Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne…

Deutsche Bank, known as Wall Street’s most pessimistic bank, is weighing in on the inflation debate with an optimistic view: It sees the Federal Reserve’s favorite…